Southeast Sulawesi's economy grew 5.4 percent c-to-c in 2024

Statistics Indonesia (BPS) Southeast Sulawesi Province reported that the Southeast Sulawesi economy experienced 5.4 percent cumulative annuual growth (c-to-c) in 2024, up from 5.35 percent c-to-c in 2023. BPS Southeast Sulawesi Acting Head Surianti Toar explained that, in terms of production, the industrial manufacturing business field recorded the highest cumulative annual growth at 12.98 percent.

"Meanwhile, in terms of expenditure, household-serving non-profit consumption expenses component experienced the highest growth at 12.42 percent," she added on Feb. 5, 2025.

The Southeast Sulawesi economy rose 5.08 percent year-on-year (yoy) in the fourth quarter (Q4) of 2024. In terms of annual growth from the production side, the information and communication business field recorded the highest growth at 9.92 percent yoy. On the expenditure side, government consumption expenditure increased by 7.32 percent yoy.

The Southeast Sulawesi economy also rose 5.87 percent quarter-to-quarter (qtq) in Q4 2024. In terms of quarterly growth from the production side, the manufacturing industry business field recorded the highest growth rate at 17.74 percent qtq. Meanwhile, the goods and services export component in the expenditure side surged by 22.35 percent qtq.

For contribution to the Southeast Sulawesi regional gross domestic product (GRDP) from the production side, the agriculture, forestry, and fisheries business field contributed the largest in 2024 by 23.48 percent. Meanwhile, the largest contribution from the expenditure side came from household consumption expenses, which contributed 46.14 percent to the province's GRDP.

The GRDP of Southeast Sulawesi at current prices reached Rp189.48 trillion in 2024, and it also reached Rp113.99 trillion at the 2010 constant price.